This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Analysts' Actions: AIG APA BHI PGR BBBY

NEW YORK (TheStreet) -- CHANGE IN RATINGS

American International (AIG) rated new Neutral at Nomura. $46 price target. Company may struggle to generate strong ROE.

Apache (APA) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $105 price target. Company can drive significant change through restructuring.

Bed Bath & Beyond (BBBY) upgraded at Nomura to Buy from Neutral, said Nomura. Merchandising, the Keurig overhang and margins are all improving. Price target goes to $82.

Baker Hughes (BHI) upgraded at Jefferies from Hold to Buy, Jefferies said. $54 price target. Higher pressure pumping sales should drive margin expansion.

Citrix Systems (CTXS) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Sector is cheap and the company is leveraged to an acceleration of growth in the second half of the year.

Forest Laboratories (FRX) upgraded at Argus from Hold to Buy, Argus said. $46 price target. Namenda should drive near-term growth.


Joy Global (JOY) downgraded at Goldman to Neutral, said Goldman Sachs. The firm's model underestimated declines in mining equipment share of capex and visibility on the commodity recovery remains clouded.

US Airways (LCC) downgraded at BofA/Merrill to Underperform, Bank of America/Merrill Lynch said. $16 price target. Estimates also cut, given lower expected AMR results.


Occidental Petroleum (OXY) downgraded at Sterne Agee to Neutral, Sterne Agee said. Valuation call, based on a $97 price target.

Progressive (PGR) rated new Reduce at Nomura. Valuation call, based on a $20 price target.

QEP Resources (QEP) upgraded at Sterne Agee from Neutral to Buy, Sterne Agee said. $36 price target. Company is executing well in the Bakken, expanding its midstream business and is leveraged to firming gas prices.

Standard Pacific (SPF) rated new Buy at BofA/Merrill SPF was initiated with a Buy rating, BofA/Merrill Lynch said. $11 price target. Company has better pricing and margins that its peers.

Timken (TKR) upgraded at Jefferies to Buy, Jefferies said. $65 price target. Company is attractive, based on a sum-of-the-parts valuation.

STOCK COMMENTS / EPS CHANGES

ABM Industries (ABM) numbers upped at Jefferies through 2014, Jefferies said. Janitorial demand is driving strong organic growth. Buy rating and new $29 price target.

Axiall Corp (AXLL) estimates reduced at UBS on lower PVC volumes and margins, said UBS.

Salesforce.com (CRM) added to Americas Conviction List at Goldman. The company is taking share in the customer relationship management market and upside is expected to current bookings forecast.

Dollar General (DG) numbers cut at BMO. Shares of DG now seen reaching $58, according to BMO Capital. Estimates also reduced, given the company's new guidance. Outperform rating.

Hospira (HSP) price target raised at UBS to $37 to reflect lowers costs as Precedex goes generic, the removal of manufacturing issues, and benefits from the low cost facility in India, said UBS.

MarketAxess (MKTX) estimates, target increased at Credit Suisse. MKTX estimates were raised through 2015, Credit Suisse said. Company is leveraged to healthier fixed income markets.

STRATEGY CALLS / MARKET CALLS

S&P 500 target raised at Credit Suisse to 1730 from 1640, Credit Suisse said. Too much pessimism on impact of tapering and attractive relative valuation.

>To submit a news tip, email: tips@thestreet.com.

Follow TheStreet on Twitter and become a fan on Facebook.

This article was written by a staff member of TheStreet.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs